Advice on Selling Boat

[Watarski]

I am currently debating on selling my boat - I know it will go for more during the spring/summer than the winter...however, I'm not sure what to ask for it. Is there a Kelly Blue Book for boats? It's a '99 SAN 5.8L with 660 hours. Thanks for the help-
cp

[66Skylark]

NADA has an option for getting the value of a used boat…

You could also search dealer websites or sites like Boattrader.com and see what folks are asking for the same year and model boat you have.

Your hours may be different, but you could add a few bucks if your hour are lower or subtract if you have more hours on your's.

Hope that helps…

[Hollywood]

99 SANs are rare, I'd say high $20s would be fair.

[Erik]

It was my experience when buying my boat that some people are out of their minds when it comes to selling their wakeboard/ski boats. I saw 99 SAN's from the mid 30's down to the low 20's, with similar hours and options.

I saw 2001 SAN's going for over 40!
I saw 2002's in the 50's! (this was last spring)
Insane.

In all honesty I think you need to look around a bit, decide what is best for you financially (i.e. payoff of a loan etc) and sell it for what you think it is worth. Don't price it too high, and I am offering this advice as someone that was very much in the market for pretty much your exact boat. Mid 20's I'd say for that boat, given some of the boats I almost bough on eBay and by using boat search sites. If I saw your boat, judging by the description for over 25-28 I would not even look at a photo. And I was willing to drive pretty far to get my new ride. I wound up finding something in CT so it was only 3 hours for me. But I was pretty close to saddling up and driving to Texas, from Massachusetts, to pick up a 2003 SAN TE that went for 34k on eBay. I still drool a bit when I see that boat pop up on the Web now and again...

I haven't done much searching lately. but it only took a second to find some insanity already.
http://www.buxtonmarine.com/boats/aq...%20DESC&page=1
Hmm only overpriced by 10 grand. No biggie. Only 10 g's right. Yellow_Flash_Colorz:

I think you know my feelings about Ski Nautique 2001's but even when I see people selling them for at, or close to 10 grand I feel like screaming. I scream even louder when I hear that someone, somewhere, is buying them at that price. Definitely defeats my goal of promoting wakeboarding as a sport that dosent require a $50,000 investment to get started.

Here is one that is similar to yours.
http://adcache.boattraderonline.com/6/1/8/79499618.htm
31k. I'd say thats overpriced. Anyone financing will quickly find that the bank thinks it is worth far less.

[wakejunky]

Advise from my experience.

1.) Be patient.
2.) Expect those Nigerian spam emails
3.) Expect tire kickers. (those who show up just to look at it with no intention of buying)
4.) Expect low ballers. (those who offer some price that is way below market value trying to get a deal and offer some sob reasons they can't afford the boat)
5.) Expect to take free rides. (Goes along with #3 above, those looking get get a free tow or ride in the boat with no intention or capacity to buy the boat.
6.) Expect to wait for people to show up or not show up at all. (Goes along with #1 above)
7.) Expect "my dad" emails. ("We want to buy a boat" from the 15 year old son)

Those are some of the things that I experienced during my last sale.

Chris

[bkhallpass]

I think a lot of the pricing disparity has to do with Stereo equipment, board racks
custom covers, and other bling.

It also has to do with how dumb the original purchaser
was. A lot of folks are upside down on the boats because they put little or nothing down
and took 15 year loans, thus they have to get an unreasonable price just to break even.
Not your problem, just and explanation.

Nada.com provides kind of the industry standard. Be careful, the numbers usually don't
include trailer. I've always thought NADA was kind of low. With prices of new boats rising
so fast, the used market has been experiencing a slower depreciation rate.

Do a search on boattrader.com. Check across the country, and check locally. Some areas
are a bit higher or lower than others.

Go by the local dealer and get a feel for what they are asking for used boats. Probably won't
have the exact boat, but you can get a feel for the used market in your area. Like cars, typically
an owner to owner sale is a bit lower than a dealer to owner sale.

BKH

[rocco]

Selling Boat

Go on this Site..you can find out about any boat...hope this helps
nadaguides.com/marinehome

[Watarski]

I appreciate the responses. I checked out NADA and it's pretty close to what is for sale on boattrader. I think I'm going to ask around $24k. The only issues are a few vinyl tears that I will probably have upholstered before it sells.

[Erik]

I appreciate the responses. I checked out NADA and it's pretty close to what is for sale on boattrader. I think I'm going to ask around $24k. The only issues are a few vinyl tears that I will probably have upholstered before it sells.

Honestly unless they are really bad I wouldnt bother. It has been my experience that certian improvements (apart from towers, ballast and other searchable entities) like that do not add much to resale value. Which is I guess how people occasionally justify their large asking prices, if they just dropped 2k to have the whole thing rewrapped in new vinyl. If you could post pictures, it would be very useful for us here. Your number of 24k sounds pretty fair. Maybe a little high but if I was searching I would at least perk up and click on the ad, if the price was set at a negotiable 24k.

[M3Fan]

I have no idea what the market prices are for wakeboard boats, but I have a general tip-
I think another important question a buyer may ask himself is "what can I buy for a grand or two more?". In my search for a regular SN I have a hard time looking at a 98 or 99 for 20k+ when for a couple grand more I could get into a newer boat with more options, etc. Heck, I've seen 02 196's in the mid twenties, so a 99 for ~25k is a hard sell to me. To prevent the potential buyer from rejecting your boat after asking themselves this question, it might be worth it to lower the price a little lower than you initially think it should be. Again, I have no idea what the actual price would be for your rig, even remotely.